This article questions the logic of a new masterplan which is being designed for Reykjavík and presented in spring 2013. The politicians claim they are implementing sustainable plans for the city learning the lessons from the crisis. However, this article suggests that the problems posed in the built environment, by the bubble and the subsequent crash, are ignored and the old city and the green structures of Reykjavík are in danger of damage by the new plans. The article was published for scibe by one of a couple and certainly the most widely read architecture blog in Iceland. The blog generated lively discussions in the city. Thanks to Hilmar Þór Björnsson, the blogging architect for the publishing.